This watchdog blog, by journalist Norman Oder, offers analysis, commentary, and reportage about the $4.9 billion project to build the Barclays Center arena and 16 high-rise buildings at a crucial site in Brooklyn. Dubbed Atlantic Yards by developer Forest City Ratner in 2003, it was rebranded Pacific Park in 2014 after the Chinese government-owned Greenland Group bought a 70% stake in 15 towers. New York State still calls it Atlantic Yards. Contact: AtlanticYardsReport[at]hotmail.com

Monday, January 12, 2009

More than five years past the announcement of the Atlantic Yards plan, it's way overdue for a list of common errors made by journalists in covering the project.

Some of them recurred just last week and, though they may not seem huge--I've heard many a journalist shrug them off--they generally shade the description of the project in favor of developer Forest City Ratner's permanent campaign.

Some on the list lower down are less prevalent, but deserve retrospective correction or should provoke greater skepticism.

1. Atlantic Yards is a place. No, it's a project. On WNYC last Friday, Amy Eddings described a plan that "would bring high rise offices and apartments to the Atlantic Yards in Brooklyn," Atlantic Yards does not exist. On NY1 Friday, the reporter kept referring to the Metropolitan Transportation Authority's Vanderbilt Yard as "Atlantic Yards." If the official name seems awkward, call it "the Atlantic railyards." This is important because a lot of people still think that...

2. The project would be built "over the railyards." No, the Vanderbilt Yard is about 8.5 acres, while the project footprint is 22 acres (originally 21). The Wall Street Journal reported Friday that the project was "proposed for a site above a rail yard at Flatbush and Atlantic avenues. If only the railyard were needed, we wouldn't have a fight over eminent domain.

4. Atlantic Yards was the product of a rezoning. No, the project would be enacted via a state override of zoning. That's important because some people believe that...

5. The site received public approval by the city. No, the state process bypassed the City Planning Commission and the City Council.

6. The Atlantic Yards site is the same place Walter O'Malley wanted to build a replacement for Ebbets Field. That error has supported some columnists' nice nostalgic turnabout, but O'Malley didn't want to build over (and around) the Vanderbilt Yard, but rather across the street, north of Atlantic Avenue, on land now occupied by Forest City Ratner's Atlantic Center and Atlantic Terminal malls.

7. The Department of City Planning (DCP) "recommended" an 8% scaleback in the size of the project in the fall of 2006, as Atlantic Yards approached approval. Well, DCP did write a letter to that effect, the modest reduction--in square footage, a return to the number originally announced, actually--had long been in the cards. Despite the orchestration, even critics of the project mistakenly see the reduction as noteworthy.

8. The project would take ten years to construct. While that is the construction schedule as approved by the Empire State Development Corporation, and the schedule asserted by FCR CEO Bruce Ratner last May, Chuck Ratner, CEO of parent Forest City Enterprises, acknowledged in March 2007 that "we are terrible" about predicting when projects come to fruition and, a month later, I suggested the timeline was a fantasy. Last month, Chuck Ratner admitted that the market would control the pace. Moreover, city and state funding agreements provide a much longer leash, with no timetable for Phase 2; nevertheless, the courts have chosen to believe the official schedule. The deceptive timetable maintains an illusion about the timely arrival of some promised benefits, like the open space and affordable housing.

9. The arena would open in 2006, 2007, 2008, 2009, or 2010--all predictions by the developer dutifully repeated by the press, especially those writing for the Sports section. Just because someone says it doesn't mean it should be reported unskeptically. Now most everyone says 2011. Given the 30-month construction schedule, I say 2012 is a more likely best-case scenario. The arena opening date, confidently asserted by Nets CEO Brett Yormark, may help the developer sell suites and sponsorships, but even some sportswriters are beginning to show skepticism.

10. The developer asserts that the project would include 15,000 construction jobs. No, it would be 15,000 job-years, or 1500 jobs a year for a decade (or, obviously, some other configuration). Some news outlets have gotten better on this one.

11. Fifty percent of the rental housing would be affordable. This is accurate, but it deserves an asterix, because the original plan was for fifty percent of all the housing to be affordable, because the housing consisted solely of rentals.

13. The project would provide $6 billion in new tax revenue. That was Forest City Ratner's ridiculous estimate of aggregate payments, which would more accurately be represented as $2.1 billion in present value. This error has recurred mostly in editorials, but some reporting is in order to clarify the numbers. The Empire State Development Corporation, in its own flawed calculation (sans expenses), suggested $944 million in present value. Any projections in these cases are suspect and deserve some peer review, which the New York Times has more readily practiced regarding other issues, such as hoops bias.

(Graphic from May 2005 Forest City Ratner presentation to City Council.)

15. Forest City Ratner paid for generous buyouts that condo owners took. No, the city reimbursed the developer, though we only learned that a few years after the publicity. Again, this deserves a second look.

16. The rival Extell proposal would've included "mostly low-rise buildings." No, those buildings would have been high-rise. The error exaggerated the divide between the Extell plan and the Forest City Ratner plan.

6 comments:

Somehow even the press wouldn't make errors like Bobbo (or his alter ego, NetIncome), who said that construction is under way, and there were new renderings of the Barclays Center. See:http://www.netsdaily.com/?p=6577#comment-24719